Although Kenya's GDP will continue to grow through 2016 and into the medium term, trade growth figures will start from a weak position with both imports and exports shrinking until they recover into positive growth in 2017. That said, the major transport sectors will remain in positive growth over the entire period,
buoyed up by investment and a growing economy.
Despite increasing headwinds, economic growth in Kenya looks to be picking up. Data from the Kenya National Bureau of Statistics showed that real GDP grew by 5.5% y-o-y in Q215 from 4.9% in Q115.
Currency depreciation and monetary tightening are still having an effect and should maintain strong growth.
In addition, the diversification in the economy has lowered its exposure to a downturn in commodity prices and a slowdown in China and confidence in the country is strong. Sectors such as construction, financial services and wholesale and retail trade have been buoyed by resilient domestic consumption and government spending on major infrastructure projects.
Table: Trade Overview (Kenya 2013-2020)
Table: Key Trade Indicators (Kenya 2013-2019)
Road Freight Forecast
Table: Road Freight (Kenya 2013-2020)
Rail Freight Forecast
Table: Rail Freight (Kenya 2013-2020)
Air Freight Forecast
Table: Air Freight (Kenya 2013-2020)
Kenya Airways Cargo (KQ Cargo)
Long Term Political Outlook
Table: Kenya Political Overview
Oil Price Outlook
Europe - Brent On Board For A Bumpy Ride
Table: GDP By Expenditure (Kenya 2012-2019)
Table: Population Headline Indicators (Kenya 1990-2025)
Table: Key Population Ratios (Kenya 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Kenya 1990-2025)
Table: Population By Age Group (Kenya 1990-2025)
Table: Population By Age Group % (Kenya 1990-2025)
Industry Forecast Methodology